Specialist metal additive manufacturing (3D printing) company, Amaero International Limited (ASX:3DA), has gained 123% on its first day of trading on the ASX, with the Company’s shares trading at $0.445.
Established in 2013, Amaero has built a global reputation as a leading service provider specialising in the high growth metals additive manufacturing sector for the defense, aerospace, and automotive sectors. In June 2018, the Company commissioned the development of two new super materials; Super Titanium and Scandium, as well as an exclusive US Distribution Agreement for the world’s fastest laser-based power bed 3D printer.
Amaero successfully completed an oversubscribed Initial Public Offering (IPO) led by Sydney and Melbourne based corporate advisor and equity provider PAC Partners, to raise $8m. The funds are to be used to execute a growth strategy including focusing on immediate revenue opportunities with low barriers to entry, targeting key US contracts through the Company’s established US base and expanding its offering through the commercialisation of metal alloys.
Born out of Monash University in Melbourne, Amaero was guided and mentored through South Australian, Innovyz Institute’s, Advance Materials and Manufacturing Program. Innovyz has already achieved success through the same program and was the team behind the 2017 listing of the year, Titomic Limited (ASX:TTT).